$10,000 Closing Credit*
$1,040,000
4 Beds
•4 Full Baths
Anthony Earls, Listing Office: Re/Max Venture Realtors
Is Wood-Ridge, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Wood-Ridge has remained a Buyer's Market.
Key Takeaway
Wood-Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wood-Ridge, NJ
How much do homes in Wood-Ridge, NJ cost?
Median Sold Price
$675,000
$471/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$127,555(+23.3%)
Key Takeaway
Homes in Wood-Ridge have sold for 23.3% more than they did a year ago.
Summary: The median home sold price in Wood-Ridge was $675,000 in August 2024, up 23.3% from last year, and the median price per square foot was $471.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $354K | - | N/A |
| 2 Bedrooms | $382.5K | $560K | +46.4% |
| 3 Bedrooms | $502.5K | $620K | +23.4% |
| 4 Bedrooms | $752.5K | $725K | -3.7% |
| 5+ Bedrooms | $608K | - | N/A |
Summary: Wood-Ridge housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.4%, 3 bedroom homes increased by 23.4%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wood-Ridge | $547.4K | $675K | +23.3% |
| Hasbrouck Heights | $635K | $680.5K | +7.2% |
Housing Supply in Wood-Ridge, NJ
How many homes are available in Wood-Ridge, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Wood-Ridge real estate market had 20 homes for sale in August 2024, a 25.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wood-Ridge housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wood-Ridge, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Wood-Ridge in August 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Wood-Ridge, NJ
We’re sorry, we don't have information for this market at the moment
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